s in's it it's that simple. >> reporter: well, not really says josh kosmin. consider hugo boss, the high-end men's clothing label that epitomizes the costs of private equity, he says. even at a profitable firm. >> premier london based buyout shop bought hugo boss in 2007. paid a very high price for it. the company borrowed more than $2 billion to fund the acquisition. credit crisis happens, luxury good sales fall for everybody. >> reporter: yet behind the scenes, they had paid themselves a $400 million dividend out of that $2 billion it had hugo boss borrow. as a result says union president bruce reiner. >> they look around to cut costs and they find a factory in cleveland where they are paying workers the sum of $12 an hour. the workers have health care. and a pension. if a few paid holidays and can live. and they decide we can find workers who can make that for less. >> we will fight this fight until we secure and save these jobs. >> reporter: when premiera threatened to shut down the only boss plant in the u.s., unicam ras were there to capture the reactio